DFX Intelligence

RIA Intelligence

Registered investment advisers, the advisors registered through them, the capital they report, the private vehicles they run and the people who own them, as a graph with a filing date behind every number. RAUM is what the adviser filed, a move is two registration dates, and a class is a rule you can read.

SEC-registered adviser

Tlwm Financial

Independent wealth managerSan Antonio, TexasCRD 158305SEC 801-79214websiteIAPD
Legal name Tlwm, LLC
Latest filing Mar 24, 2026
First filing on the tape Feb 24, 2012 · 59 filings
SEC status approved since Feb 28, 2014
RAUM
$605M
reported, Item 5.F
Discretionary
100%
of RAUM
Private clients
96%
$582M individuals and HNW
Advisors
10
registered through the firm on IAPD
RAUM per advisor
$60.5M
derived; firm RAUM over IAPD count
Employees
11
9 advisory (5.B.1)
Offices
4
beyond the principal office
Private funds
0
reported on Schedule D
History
59 filings and snapshots on the tape
RAUM$605M as of Mar 24, 2026
Feb 24, 2012$53.3M then
HNW client RAUM$355M as of Mar 24, 2026
Feb 28, 2018$80.3M then
State-registered IARs (5.B.3)10 as of Mar 24, 2026
Feb 24, 20120 then
Employees (5.A)11 as of Mar 24, 2026
Mar 9, 20155 then
Private funds: no history
RAUM +4.9% over the last fiscal year+22% a year over threeIARs 9 to 10offices 3 to 4
Practice profile
derived from the filing of Mar 24, 2026; every figure names its basis
Archetypes, each a printed rule
  • HNW wealth manager · private-client share of RAUM at least 50 percent and HNW share of private-client RAUM 50 to 90 percent
RAUM per advisor
$60.5MderivedRAUM over IAPD advisors; not a book size
Clients per advisor
125derivedindividual and HNW clients (5.D) over advisors
Average HNW client
$1.1MderivedHNW RAUM over HNW clients
Average account
$278,604derivedRAUM over accounts (5.F.2.f)
Discretionary
100%derivedof RAUM
Institutional
0.4%derivedpensions, charities, corporations, government, insurance, banks, other advisers
Employees per advisor
1.1derivedItem 5.A over advisors
Advisors per office
2.0derived5 offices incl. principal (1.F.5)
RAUM growth, one year
+4.9%derivedbetween the last two annual amendments
Advisor growth, one year
+11%derivedItem 5.B.3 between annual amendments
Client growth, one year
+4.8%derived
Compensation
percentage of assets, hourly, fixed fees, subscriptionreportedItem 5.E
Advisory activities
financial planning, portfolio management for individuals, selection of other advisersreportedItem 5.G
Wrap fee program
$21.0MreportedItem 5.I
Custody
$186M, 558 clientsreportedItem 9.A
Ownership
no PE, bank or public-company owner found on Schedule Aderived
Advisor book size
not public; not estimatedreported
Also answered yes on Form ADV
  • is an insurance broker or agent (6.A.6)
  • buys or sells securities as principal to or from clients (8.A.2)
  • has discretionary authority over which securities are bought or sold (8.C.1)
  • receives research or other products from a broker-dealer, soft dollars (8.E)
  • compensates persons for client referrals (8.G.1)
  • has custody of client cash or bank accounts (9.A.1.a)
Where the RAUM sits
Form ADV Item 5.D, latest filing
  • High-net-worth individuals$355M59%
  • Individuals$227M37%
  • Corporations and businesses$21.1M3.5%
  • Charitable organizations$1.2M0.2%
  • Pension and profit-sharing plans$1.0M0.2%
Individual clients
933reported
HNW clients
316reported
Pension plan clients
1reported
Charitable clients
4reported
Accounts
2,173reported
Financial planning clients
51-100reported
Wrap fee programs
$10.5M sponsored, $10.5M managedreported
Custody of client assets
$186M for 558 clientsreported
Compensation
% of AUM, fixed, hourlyreported
Class basis
private_client_share=0.96 fund_share=0.0 institutional_share=0.0 related_bd=false related_bank=false bd_reps=6.0derived
Advisors registered through the firm
9 on IAPD today, longest tenure first
NameBranchHere sinceIn industryPrior firms
Enzo Thomas PellegrinoCertified Financial PlannerSan Antonio, TxNov 1, 201125 y1
Simon James ThompsonChartered Financial AnalystSan Antonio, TxNov 11, 201118 y1
Teshay Deon FlowersArlington, Tx Mar 1, 201618 y1
Robert Scott BowermanCertified Financial PlannerMadawaska, Me Apr 8, 201622 y4
Elissa M LococoSan Antonio, TxApr 5, 201715 y0
Preston James VaughtSan Antonio, TxMar 7, 201810 y2
Juan ChavezCertified Financial PlannerSan Antonio, TxJun 11, 202410 y5
Alexis FerrisSan Antonio, TxSep 5, 202511 y0
Jorge Haddad MestreSan Antonio, TxSep 11, 202613 y1
Advisor movement
0 left, 1 joined in 12 months
net +1 in 12 months0 left in 90 days1 joined in 90 daysdeparture rate 0.0% of current headcount2 left over 36 months
Left, latest
Joined, latest
Every departureEvery arrival
Private funds
No private fund reported.
Owners and control persons
Schedule A and B, latest filing
  • Thomas Enzo Pellegrino · Chief Compliance Officercontrol
    since 10/2011 · owns less than 5%
  • Thomas Enzo Pellegrino · Managing Membercontrol
    since 01/2014 · owns 75% or more of Tlhc, LLC
Entity owners
  • Tlhc, LLC · Owner
    direct · owns 75% or more
Related persons
Schedule D 7.A
No related person reported.
Office movement
IAPD branch city; joins and departures in 12 months
OfficeAdvisorsJoinedLeftTeams outForming
San Antonio, Tx · principal1020
Offices
Schedule D 1.F, the 25 largest
  • Madawaska, ME2 employees
  • Arlington, TX1 employees
  • Lubbock, TX1 employees
What changed
consecutive filings, newest first
  • Accounts · 2,008 to 2,173
    Nov 7, 2025 to Mar 24, 2026
  • Advisory employees · 10 to 9
    Nov 7, 2025 to Mar 24, 2026
  • BD registered reps · 8 to 6
    Nov 7, 2025 to Mar 24, 2026
  • Charity clients · 5 to 4
    Nov 7, 2025 to Mar 24, 2026
  • Corporate clients · 10 to 8
    Nov 7, 2025 to Mar 24, 2026
  • HNW clients · 277 to 316
    Nov 7, 2025 to Mar 24, 2026
  • Individual clients · 915 to 933
    Nov 7, 2025 to Mar 24, 2026
  • Assets in custody · $239M to $186M
    Nov 7, 2025 to Mar 24, 2026
  • Insurance-licensed employees · 0 to 1
    Nov 7, 2025 to Mar 24, 2026
  • State-registered IARs · 9 to 10
    Nov 7, 2025 to Mar 24, 2026
  • Discretionary RAUM · $577M to $605M
    Nov 7, 2025 to Mar 24, 2026
  • HNW RAUM · $312M to $355M
    Nov 7, 2025 to Mar 24, 2026
  • Individual RAUM · $212M to $227M
    Nov 7, 2025 to Mar 24, 2026
  • Pension RAUM · $867,167 to $1.0M
    Nov 7, 2025 to Mar 24, 2026
  • RAUM · $577M to $605M
    Nov 7, 2025 to Mar 24, 2026
  • Wrap assets (manager) · $9.2M to $10.5M
    Nov 7, 2025 to Mar 24, 2026
  • Wrap assets (sponsor) · $9.2M to $10.5M
    Nov 7, 2025 to Mar 24, 2026
  • Other offices · 3 to 4
    Apr 23, 2025 to Nov 7, 2025
  • Accounts · 1,910 to 2,008
    Jun 26, 2024 to Apr 23, 2025
  • Charity clients · unset to 5.0
    Jun 26, 2024 to Apr 23, 2025
  • HNW clients · 361 to 277
    Jun 26, 2024 to Apr 23, 2025
  • Individual clients · 793 to 915
    Jun 26, 2024 to Apr 23, 2025
  • Pension plan clients · unset to 1.0
    Jun 26, 2024 to Apr 23, 2025
  • Assets in custody · $152M to $239M
    Jun 26, 2024 to Apr 23, 2025
  • Financial planning clients · 51-100 to 51-100
    Jun 26, 2024 to Apr 23, 2025
  • Discretionary RAUM · $485M to $577M
    Jun 26, 2024 to Apr 23, 2025
  • HNW RAUM · $294M to $312M
    Jun 26, 2024 to Apr 23, 2025
  • Individual RAUM · $142M to $212M
    Jun 26, 2024 to Apr 23, 2025
  • Pension RAUM · unset to 867167.0
    Jun 26, 2024 to Apr 23, 2025
  • RAUM · $485M to $577M
    Jun 26, 2024 to Apr 23, 2025
  • Wrap assets (manager) · $7.5M to $9.2M
    Jun 26, 2024 to Apr 23, 2025
  • Wrap assets (sponsor) · $7.5M to $9.2M
    Jun 26, 2024 to Apr 23, 2025
  • Accounts · 1,319 to 1,910
    Nov 28, 2023 to Mar 11, 2024
  • BD registered reps · 9 to 8
    Nov 28, 2023 to Mar 11, 2024
  • Corporate clients · 9 to 10
    Nov 28, 2023 to Mar 11, 2024
  • HNW clients · 260 to 361
    Nov 28, 2023 to Mar 11, 2024
  • Individual clients · 525 to 793
    Nov 28, 2023 to Mar 11, 2024
  • Assets in custody · $24.8M to $152M
    Nov 28, 2023 to Mar 11, 2024
  • State-registered IARs · 10 to 9
    Nov 28, 2023 to Mar 11, 2024
  • Discretionary RAUM · $333M to $485M
    Nov 28, 2023 to Mar 11, 2024
Signals
4 dated events
  • Brian Neil Tobin left Tlwm Financial for Mariner (registered 2025-07-10)
    Jun 16, 2025 · Advisor changed firm · fact
  • Tlwm Financial reported RAUM $484.9M, up 45% from $333.3M (2023-11-28 to 2024-03-11)
    Mar 11, 2024 · RAUM change · derived
  • Michael Clyde Corales left Tlwm Financial for Ameriprise Financial Services, Llc (registered 2026-06-23)
    Feb 29, 2024 · Advisor changed firm · fact
  • Texas Legacy Wealth Management filed its initial SEC registration (Form ADV)
    Feb 10, 2014 · First SEC registration · fact
Across DFX
shared identifiers only, never a name match
No identifier-backed link to the venture, private equity, family office or sponsor graphs.
How to reach
public business contact points only, each with its source
Business phone
207-728-6442reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
210-541-8600reportedpublished by the firm, firm site, Sep 15, 2026
Business phone
806-696-3399reportedpublished by the firm, firm site, Sep 15, 2026
Website
tlwmfinancial.comreportedpublic record, Form ADV, Sep 17, 2026
Principal office phone
1-877-348-8822reportedpublic record, Form ADV, Mar 24, 2026
Contact form
tlwmfinancial.com/contactreportedpublished by the firm, firm site, Sep 15, 2026
Team page
tlwmfinancial.com/peoplereportedpublished by the firm, firm site, Sep 15, 2026
Provenance
Form ADV
SEC filing data 2011 to 2024 and the monthly roster 2025 onreportedadviserinfo.sec.gov
Advisors
IAPD individual compilation feed, dailyreportedadviserinfo.sec.gov
Class
Independent wealth managerderiveda rule over Items 5.D and 7.A
RAUM per advisor
$60.5Mderivedfirm RAUM over the IAPD count; not a book size
Loaded
Sep 14, 2026